Cronos Chain Updates | Cronos Launches $100M Accelerator Program | June Week 1

Every single week, there are updates in the Cronos Chain ecosystem. Therefore, Altcoin Buzz covers the updates from the first week in June to keep readers informed.

Notably, Cronos Chain is a Cosmos EVM chain for NFTs, DeFi, and Metaverse that aims at scaling the DeFi sector. During the week, Cronos announced the launch of its $100 million accelerator program. Additionally, Router Protocol is integrating with Cronos Chain.

1 – Cronos Launches $100M Accelerator Program

During the week, Cronos Chain announced the launch of the Cronos Accelerator Program worth $100 million. The program will help developers that want to carry out projects in Web3 gaming and advanced DeFi.

Besides, shortlisted candidates will have access to a 10-week cohort-based session with specific trainers from within the ecosystem. There are also plans to have about three to four cohorts yearly, which will consist of about ten start-ups each.

In addition, Cronos Labs will give some projects access to about $100,000 to $300,000 in seed investments. As well as, access to Cronos communities and other marketing opportunities.

2 – Router Protocol Integrates Cronos Chain

Secondly, Router Protocol is integrating Cronos Chain. This development comes after the Router community chose Cronos Chain to be adopted into the Router messaging mesh.

Additionally, the development makes it possible for the Router community to transfer funds from other blockchains in the Router messaging mesh to Cronos and vice-versa.

Besides, it’s important to note that Router Protocol is a cross-chain protocol that enables fund transfers between different chains. As well as, asset swaps between different chains and the creation of cross-chain dApps.

3 – DODO DEX & NFT Is Now on Cronos Chain

Finally, DODO is launching on Cronos Chain as part of its strategy for multi-chain deployment.

Besides, it’s important to note that DODO is a decentralized trading system for Web3. It also leverages the Proactive Market Maker (PMM) algorithm in providing attractive prices and efficient on-chain liquidity for Web3 assets.

$CRO Coin Price Analysis

As of the time of publication, Cronos’s price was $0.175796 with a 24-hour trading volume of $27,544,872. CRO price also increased by 1.8% over the last 24 hours. Besides, it has a circulating supply of 25 billion CRO coins and a total supply of 30.2 billion.

We hope you’ve enjoyed the latest updates.

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